The National Bank of Denmark published data showing Danish households’ securities holdings increased by DKK 86bn in 2024, with most of the rise attributed to capital gains rather than net purchases. By end-2024, households held securities worth DKK 1,202bn, a level comparable to their deposits in financial institutions. Foreign shares drove the development, with price increases in American equities contributing DKK 50bn compared with purchases of DKK 13bn; holdings through foreign investment funds also increased. In contrast, Danish shares recorded both capital losses and sales, including DKK 18bn in losses on Novo Nordisk shares, partly offset by DKK 9bn in capital gains on other Danish listed shares.
National Bank of Denmark 2025-01-29
National Bank of Denmark reports Danish households’ securities holdings rose DKK 86bn in 2024 on foreign equity gains
The National Bank of Denmark reported a DKK 86bn increase in Danish households' securities holdings in 2024, primarily due to capital gains. By year-end, securities holdings matched deposits at DKK 1,202bn, with American equities contributing significantly to the rise. Conversely, Danish shares saw capital losses, notably DKK 18bn on Novo Nordisk, partially offset by gains on other domestic shares.